What are business intelligence tools
Business Intelligence (BI) Tools use a set of methodologies and technologies to prepare, present, and help analyze data. This data is converted into actionable business information that helps decision-makers and end-users to make better data-driven decisions.
Why is it important
These tools use data warehouses that help to track business performance and goals. The stored data is presented in the most consumer-friendly manner like charts, graphs, and histograms.
How it helps your business
BI tools keep you informed with the historical data and spot present trends within your industry, helping you capitalize on any and every opportunity. It also helps you discover internal issues or problems that may reduce profits.